UK faces £463m shortfall due to decline in SE Asian students
Higher education institutions across the UK face a shortfall of at least £463 million in the coming academic year as a result of prospective students across eight South-East Asian countries opting to cancel or postpone their study plans, British Council has estimated.
Surveying 15,536 students with outbound study plans across Mainland China, Hong Kong SAR, Indonesia, Malaysia, Singapore, Taiwan, Thailand and Vietnam, British Council found that UK universities will likely have almost 14,000 fewer new enrolments from the region in 2020-21 compared with 2018-19.
Spending on tuition and living expenses is set to drop by £463m in this baseline scenario, the survey suggested, with student numbers declining by 12% – by around 13,539 fewer new UK university enrolments …